Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2012-12-16

Saturday, December 22, 2012

5 Stocks Hitting New Highs

Today's list is a little unusual because I sorted the Barchart New High List and all of these have gone up in 18 of the last 20 sessions - remember there are usually only 20 trading session in a month. The list includes First Commonwealth Financial (FCF), ABB Ltd (ABB), Aircastle (AYR), Apollo Global Management (APO), and Companhia Paranaese de Energia (ELP):

First Commonwealth Financial (FCF)

Barchart technical indicators:

40% Barchart technical buy signal
Trend Spotter buy signal
Above its 20 and 50 day moving averages
18 new highs and up 9.56% in the last month
Relative Strength Index 61.84%
Barchart computes a technical support level at 6.65
Recently traded at 6.76 with a 50 day moving average of 6.52

ABB Ltd (ABB)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 13.95% in the last month
Relative Strength Index 81.02%
Barchart computes a technical support level at 20.53
Recently traded at 20.83 with a 50 day moving average of 19.09

Aircastle (AYR)

Barchart technical indicators:

80% Barchart technical buy signal
Trend spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 24.40% in the last month
Relative Strength Index 78.58%
Barchart computes a technical support level at 12.15
Recently traded at 12.51 with a 50 day moving average of 11.48

Apollo Global Management (APO)

Barchart technical indicators:

80% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 11.73% in the last month
Relative Strength Index 70.08%
Barchart computes a technical support level at 16.24
Recently traded at 16.95 with a 50 day moving average of 15.35

Companhia Paranaese de Energie (ELP)

Barchart technical indicators:

24% Barchart technical buy signal'
Trend Spotter buy signal'
Above its 20 and 50 day moving averages
18 new highs and up 23.69% in the last month
Relative Strength Index 72.19%
Barchart computes a e=technical support level at 15.82
Recently traded at 15.77 with a 50 day moving average of 14.47

WalMart sell signals

Today I deleted WalMart (WMT) for the Barchart Van Meerten New High portfolio for negative price momentum:

Barchart technical indicators:

88% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
7.79% off it's quarterly high
11.57% off it's 1 year high
Relative Strength Index 38.70%

Friday, December 21, 2012

Hollyfrontier - HFC - Barchart Chart of the Day

Barchart.coms Chart of the Day - Hollyfrontier (HFC)

Barchart Research Team - BC - Thu Dec 20, 5:25PM CST

The "Chart of the Day" is HollyFrontier (HFC), which showed up on Thursday's Barchart "All-Time High" list. HollyFrontier posted an all-time Thursday at $47.39 and closed up +2.29%. TrendSpotter has been long since Nov 12 at $41.37. In recent news on the stock, Oppenheimer on Tuesday raised its price target on HollyFrontier to $55 a share from $46 and maintains an "Outperform" rating on the company, citing what it sees as strong industry fundamentals and the company's commitment to creating shareholder value through dividends and share repurchases. HollyFrontier, with a market cap of $9.46 billion, is engaged in refining petroleum and it produces and markets gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products.

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All-Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All-Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new all-time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

TrendSpotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy

Barchart links for further information:

Quotes and Charts
Quote
Detailed Quote
Chart

Technical Analysis
Technicals Summary
Trader's Cheat Sheet™

Barchart Opinions
Barchart Opinion
Barchart Snapshot
Trading Strategies

Company Info
Company Profile
Key Statistics
Ratios
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

Chart of the Day Archive
View Past Chart of the Day Reports

5 NASDAQ 100 Picks

Today I sorted the NASDAQ 100 Index to find 5 stock with good Barchart technical indicators and great charts. My list includes C H Robinson Worldwide (CHRW), Comcast (CMCSA), Sirius XM Radio (SIRI), Adobe Systems (ADBE) and Cisco Systems (CSCO):

C H Robinson Worldwide (CHRW)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 6.14% in the last month
Relative Strength Index 65.02%
Barchart computes a technical support level at 63.05
Recently traded at 63.76 with a 50 day moving average of 61.01

Comcast (CMCSA)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 4.18% in the last month
Relative Strength Index 63.12%
Barchart computes a technical support level at 37.68
Recently traded at 38.09 with a 50 day moving average of 36.73

Sirius XM Radio (SIRI)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
7 new highs and up 7.94% in the last month
Relative Strength Index 69.12%
Barchart computes a technical support level at 2.92
Recently traded at 2.99 with a 50 day moving average of 2.80

Adobe Systems (ADBE)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 16.02% in the last month
Relative Strength Index 74.58%
Barchart computes a technical support level at 37.57
Recently traded at 37.87 with a 50 day moving average of 34.04

Cisco Systems (CSCO)

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 10.36% in the last month
Relative Strength Index 74.47%
Barchart computes a technical support level at 20.26
Recently traded at 20.24 with a 50 day moving average of 18.49

Thursday, December 20, 2012

5 Small Cap Stocks

Today I sorted the S & P 600 Small Cap Index to find 5 with good Barchart technical indicators and great charts. My list includes Olympic Steel (ZEUS), Watts Water Technologies (WTS), Marriot Vacations Worldwide (VAC), Unifirst Corp (UNF) and Texas Industries (TXI):

Olympic Steel (ZEUS)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
11 new highs and up 18.01% in the last month
Relative Strength Index 71.31%
Barchart computes a technical support level at 20.65

Watts Water Technologies (WTS)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 11.33% in the last month
Relative Strength Index 71.89%
Barchart computes a technical support level at 41.72
Recently traded at 42.36 with a 50 day moving average of 39.34

Marriot Vacations Worldwide (VAC)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signals
Above its 20, 50 and 100 day moving averages
7 new highs and up 2.92% in the last month
Relative Strength Index 64.96%
Barchart computes a technical support level at 40.24
Recently traded at 41.17 with a 50 day moving average of 39.44

Unifirst (UNF)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signals
Above its 20, 50 and 100 day moving averages
10 new highs and up 5.17% in the last month
Relative Strength Index 64.54%
Barchart computes a technical support level at 72.41
Recently traded at 73.83 with a 50 day moving average of 70.12

Texas Industries (TXI)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
8 new highs and up 14.29% in the last month
Relative Strength Index 68.71%
Barchart computes a technical support level at 68.71%
Traded recently at 50.95 with a 50 day moving average of 44.96

Wednesday, December 19, 2012

5 Mid Cap Picks

Today I sorted the S & P 400 Mid Cap Index to find 5 with great Barchart technical indicators and good charts. My list includes Wright Express (WXS), Worthington Industries (WOR), Waddell & Reed Financial (WDR), United Rentals (URI) and Universal Heath Services (UHS):

Wright Express (WXS)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 7.90% in the last month
Relative Strength Index 66.37%
Barchart computes a technical support level at 72.01
Recently traded at 74.98 with a 50 day moving average of 71.13

Worthington Industries (WOR)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 11.84% in the last month
Relative Strength Index 65.96%
Barchart computes a technical support level at 23.75
Recently traded at 24.85 with a 50 day moving average of 22.45

Waddell & Reed Financial (WDR)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
5 new highs and up 6.45% in the last month
Relative Strength Index 69.99%
Barchart computes a technical support level at 33.47
Recently traded at 35.13 with a 50 day moving average of 39.82

United Rentals (URI)

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
10 new highs and up 11.14% in the past month
Relative strength Index 69.05%
Barchart computes a technical support level at 42.21
Recently traded at 44.78 with a 50 day moving average of 39.82

Universal Health Services (UHS)

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
9 new highs and up 15.47% in the last month
Relative Strength Index 74.41%
Barchart computes a technical support level at 46.02
Recently traded at 49.46 with a 50 day moving average of 44.41

Genworth Financial buy signals

Today I added Genworth Financial (GNW) to the Barchart Van Meerten New High portfolio for positive price momentum:

Barchart technical indicators:

96% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 30.88% in the last month
Relative Strength Index 81.50%
Barchart computes a technical support level at 6.86
Recently traded at 7.29 with a 50 day moving average of 5.92

JetBlue Airways - JBLU - buy signals

Today I added JetBlue Airways (JBLU) to the Barchart Van Meerten New High portfolio for positive price momentum:

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 17.80% in the last month
Relative Strength Index 80.10%
Barchart computes a technical support level at 5.64
Recently traded at 5.89 with a 50 day moving average of 5.24

Ferro Corp buy signals

Today I added Ferro Corp (FEO) to the Barchart Van Meerten New High portfolio for great price momentum:

Barchart technical indicators:

72% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 41.37% in the last month
Relative Strength Index 80.12%
Barchart computes a technical support level at 3.06
Recently traded at 3.52 with a 50 day moving average of 2.81

First Commonwealth Financial - buy signals

Today I added First Commonwealth Financial (FCF) to the Barchart Van Meerten New High portfolio for great momentum and charts"

Barchart technical indicators:

24% Barchart technical buy signal
Trend Spotter buy signal
Above its 20 and 50 day moving averages
18 new highs and up 10.33% in the last month
Relative Strength Index 63.60%
Barchart computes a technical support level at 6.61
Recently traded at 6.73 with a 50 day moving average of 6.53

Tuesday, December 18, 2012

Aegon - AEG - buy signals

Today I added Aegon (AEG) to the Barchart Van Meerten Speculative portfolio for great Barchart technical indicators and charts:

Barchart technical indicators:

100% Barchart technical buy signal
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 19.73% in the last month
Relative Strength Index 76.94%
Barchart computes a technical support level at 5.99
Recently traded at 6.25 with a 50 day moving average of 5.61

Brocade Communications Systems - BRCD - sell signals

I deleted Brocade Communications Systems (BRCD) from the Barchart Van Meerten New High portfolio for negative price momentum:

Barchart technical indicators:

64% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
5.34% of it's monthly high
14.75% off its 1 year high
Relative Strength Index 46.74%

Jarden Corp - JAH - sell signals

Today I deleted Jarden Corp (JAH) from the Barchart Van Meerten New High portfolio for negative price momentum:

Barchart technical indicators:

40% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
1.15% down this month
9.45% off its 1 year high
Relative Strength Index 42.03%

Patrick Industries - PATK - sell signal

I have deleted Patrick Industries (PATK) from the Barchart Van Meerten New High portfolio for negative price momentum:

Barchart technical indicators:

56% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
12.64% down this month
25.58% off its 1 year high
Relative Strength Index 38.48%

Kimball International - KBALB - seel signals

Today I deleted Kimball International (KBALB) from the Barchart Van Meerten Speculative portfolio for negative price momentum:

Barchart technical indicators:

72% Barchart technical sell signal
Trend Spotter sell signal
Below its 20, 50 and 100 day moving averages
13.25% loss in the last month
16.26% off its 1 year highs
Relative Strength Index 28.78%

Sunday, December 16, 2012

5 Large Cap Picks

Today I sorted the S & P 500 Large Cap Index to find 5 stocks with great Barchart technical indicators and great graphs. Today's list includes PPG Industries (PPG), Nucor (NUE), Netflix (NFLX), McKesson (MCK) and H J Heinz (HNZ):

PPG Industries (PPG)